After several years of substantial economic expansion, Qatar was recently named the wealthiest nation in the world in terms of GDP per capita. However, with many of the oil and gas related projects nearing fruition, focus is turning to manufacturing and other non-hydrocarbons businesses and the role they will play in the local economy.
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Economic update | Qatar: Industrial intent
18 Jul 2011
With its recently passed budget for the 2011-12 fiscal year, Egypt has established a revised set of ambitious targets for tackling its public expenditures. Having rebuffed aid offers from several international organisations and countries, the move is a sign that the country will steer clear of a rising budget deficit on its own accord.
Articles & Analysis | Eastern promises: Old traditions join modern life in this resource-rich country from The Report: Mongolia 2012
Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and...
Although the Philippines economy looks set to grow in 2011, it seems likely that the rate of expansion will be less than that recorded over the past year or so, with both international and domestic factors weighing on growth momentum.
Economic update | South Africa: Economy on the rise
30 Jun 2011
South Africa’s economy is regaining momentum after a challenging few years that saw the country fall into recession in 2009 before slowly working its way back towards steady growth, though some underlying weaknesses will need to be addressed if expansion is to continue.
Economic update | Dubai: Steady pace
27 Jun 2011
Dubai’s economy is maintaining a steady pace of recovery, with confidence returning to the marketplace, investor appetite again being whetted and some of the longer-term development schemes starting to repay the faith and capital placed in them, though the need for care in managing the emirate’s debt burden remains key.